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American Water Works Bearish Moving Average Crossover Alert (AWK)

By James Quinn

Today, shares of American Water Works (NYSE:AWK) have fallen below their 10-day MA of $73.85 on a volume of 161K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

American Water Works share prices have moved between a 52-week high of $75.25 and a 52-week low of $48.36 and are now trading 52% above that low price at $73.73 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.8%.

SmarTrend recommended that subscribers consider buying shares of American Water Works on December 17th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.20. Since that recommendation, shares of American Water Works have risen 25.0%. We continue to monitor AWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american water works

Ticker(s): AWK